March 4, 2024

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American milk producers compensated for the corona loss

American milk producers compensated for the corona loss

The federal government is compensating dairy farmers in the United States for low milk prices as a result of the corona crisis. A total of $ 350 million has been set aside by the Biden administration to pay dairy farmers for deviating from market prices in the second half of 2020.

New, according to US Secretary of Agriculture Tom Wilsack Infectious Market Fluctuation Assistance Program Help farmers and the dairy industry recover from the corona crisis and make them more flexible. The money should mainly benefit small dairy farms.

Earlier, the US government also came up with plans to help the dairy industry. For example, $ 400 million was allocated to donate milk to food banks and $ 580 million was previously used to support small and medium milk producers.

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Rated by National Milk Producers Federation (NMPF) Dairy revenue from the Corona crisis was $ 750 million lower than expected in 2020. According to the organization, the project helps compensate for a portion of the corona damage. However, more is needed to close the gap.

According to the interest group, not all types of companies and regions are equally helped by this arrangement. The NMPF is therefore consulting with the US Congress to see what else can be done to ‘close the gap’.

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